Japan-based Tech Bureau has raised 1.6bn yen ($14.7m) to support infrastructure and service development of the company’s cryptocurrency exchange Zaif.
The company’s Series B funding round was led by Japanese enterprise software company Infoteria and investment firm Jafco.
As well as further development of Zaif, the company said that it will aim to expand its blockchain system Mijin and other private blockchain-based products to European and Asian markets.
Tech Bureau is set to launch a token sale for its COMSA blockchain platform. The platform will raise funds through a token sale, the proceeds of which will be used to improve itself.
The company had received $6.2m in a Series A round in May, featuring seven investors including Infoteria, Hiroshima Venture Capital and Forex Broker.
Copyright FinTech Global 2017